Calculation of deferred tax asset

Satvir Singh (Newly minted CA) (1733 Points)

26 August 2011  

Can anyone plz calculate Closing Deferred Tax Asset for me?

 

Deferred Tax Asset at the opening: Rs. 6,00,000

Accumulated Losses at the year opening: Rs. 10,00,000

Loss for current year: Rs. 4,50,000

Unabsorbed Dep. at the start of year: Rs. 50,000

Dep. for current year (Unabsorbed): Rs. 35,000

 

Thanks in Anticipation